Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Apartments under $500 for Rent in Minneapolis, MN

23 Rentals
.
  4. Building Photo - Northstar Dinkytown
    2 BEDS
    $474+
    4 BEDS
    $399+
    Plus Fees - 12 Month Lease

    Northstar Dinkytown

    1611 8th St SE, Minneapolis, MN 55414

Can't find what you are looking for?

Clear All Filters

Living & Renting in Minneapolis

Minneapolis at a Glance

Average Rent

$1,398
(All bedrooms and property types)
Learn more about
Average Rent in Minneapolis
6

School Rating

out of 10 Rating
Learn more about
Schools in Minneapolis

Minneapolis, MN Apartments for Rent

Minneapolis stretches across both banks of the Upper Mississippi River and earned its nickname as the "City of Lakes" with thirteen lakes scattered throughout the metro area. If you're hunting for apartments for rent in Minneapolis, you'll discover a city that balances Midwestern friendliness with metropolitan perks—including the famous downtown skyway system that connects buildings on the second floor, so you can stay warm and dry during those Minnesota winters.

Renting in Minneapolis means choosing from neighborhoods that each bring their own character. The artsy Northeast area features charming Craftsman-style apartment communities, while Uptown puts you steps from several lakes. Looking for something more industrial-chic? The North Loop serves up converted warehouse lofts within walking distance of downtown employers. Getting around is easy with the METRO Blue and Green Lines, plus miles of bike trails that connect to the Grand Rounds National Scenic Byway. Between the University of Minnesota campus energy, major employers like Target and 3M, and more theater seats per capita than anywhere except NYC, Minneapolis delivers both affordability and culture for renters.

Why Minneapolis?

  • The University of Minnesota - one of the nation's largest universities.
  • Headquarters of many Fortune 500 companies
  • A 6,800-acre system of 22 lakes, over 180 parks, and 55 miles of biking and walking paths.
  • Shopping at the Ancient Traders Market for Native American art.
  • A walkable downtown with eight miles of glass-enclosed skyways.
  • Major sports teams include the NFL Minnesota Vikings and the MLB Twins.

Renting in Minneapolis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Minneapolis

(For 1 bedroom apartments)

Education

Private University
Public University
Public University
Private University
Public University
GreatSchools Rating
Southwest Senior High

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Washburn Senior High

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
South Senior High

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Metro Schools College Prep

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
FAIR Senior High

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Anthony Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Justice Page Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Sanford Middle

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Burroughs Elementary

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Kenny Elementary

Public Elementary School

Public
Grades K-5
Students
GreatSchools Rating
Windom School

Public Elementary School

Public
Grades K-5
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.